Enersys Stock Forecast
Green day on Friday for Enersys
(Updated on Apr 26, 2024)
The Enersys stock price gained 0.319% on the last trading day (Friday, 26th Apr 2024), rising from $90.99 to $91.28. During the last trading day the stock fluctuated 1.20% from a day low at $90.77 to a day high of $91.86. The price has been going up and down for this period, and there has been a 0.41% gain for the last 2 weeks. Volume fell on the last day by -85 thousand shares and in total, 152 thousand shares were bought and sold for approximately $13.85 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.97% during the next 3 months and, with a 90% probability hold a price between $81.39 and $89.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ENS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enersys stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $91.48. On a fall, the stock will find some support from the short-term average at $90.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Enersys stock
Enersys finds support from accumulated volume at $90.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.09 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Enersys to open at $91.30, and during the day (based on 14 day Average True Range), to move between $89.66 and $92.90, which gives a possible trading interval of +/-$1.62 (+/-1.77%) up or down from last closing price. If Enersys takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $90.87 (0.45%) than the resistance at $91.84 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enersys stock A Buy?
Enersys holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.519 Sell Candidate Unchanged
Predicted Opening Price for Enersys of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$91.30 ( 0.0273%) | $91.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 92.39 | 1.22 % | |
R2 | 91.98 | 0.762 % | ||
R1 | 91.72 | 0.481 % | ||
Current price: | 91.28 | |||
Support | S1 | 90.89 | -0.427 % | |
S2 | 90.63 | -0.708 % | ||
S3 | 90.22 | -1.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 92.64 | 1.49 % | |
R2 | 92.30 | 1.12 % | ||
R1 | 91.84 | 0.613 % | ||
Current price | 91.28 | |||
Support | S1 | 90.87 | -0.449% | |
S2 | 90.38 | -0.99% | ||
S3 | 89.90 | -1.51% |
ENS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.225 | 0.238% |
2 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.225 | 0.223% |
3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.230 | 0.243% |
4 | May 24, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.175 | 0.161% |
5 | Feb 08, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.175 | 0.201% |
FAQ
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